INDUSTRY INSIGHT
LIFE INSURANCE
SPONSORED CONTENT
FOR THE LOVE OF JEWELRY : PROTECTING WHAT WE TREASURE
Love is in the air and jewelry is on the minds of many , whether you ’ re newly engaged , recently married , or just have a very special person in your life who likes little gifts of glam . While boxes of chocolates or vases of roses are just as nice , nothing quite lights up the room like a sparkly new accessory — but don ’ t be fooled into thinking that diamonds and gold are forever . With one false move they can be gone as quickly as the roses wilt .
Home , Auto , and Life are basic needs we think of when it comes to insuring our assets , but losing an expensive or sentimental piece of jewelry comes with its own set of troubles . The stomachache of eating too many chocolates is nothing compared to the pit that forms when those hundreds to thousands of dollars vanish from your hands or ears , or from around your very neck . None of us wants to walk around with beautiful things while having the fear of “ What if .” We could lock them all away , but some things are made to be displayed . They are expressions of our love , symbols of our relationships , and conversation pieces for our social groups . So , how do we protect them while they serve their purpose ?
Some people may be content with their homeowner ’ s policy for some protection , but we should be keen on what the fine print has to say . Most homeowner ’ s policies have low limits on coverage for jewelry , and what you get will be all the lower after the deductible is made . On top of the limitation , which already may put you in the negative , there is also your home insurance rate to worry about . When you make a claim against your homeowner ’ s policy , it is very likely that your next policy renewal or homeowner ’ s quote will look a little different as your rate increases . So now , how do we avoid this while getting the proper coverage for a treasured piece ?
There is a solution . A Personal Articles Policy , or PAP for short , is the perfect thing to ensure that the investments made into these pieces won ’ t slip away . While we can ’ t protect the memories or the sentiment entwined in our jewelry , we can protect the value so that they can be replaced and used for the memories to come .
So , if you ’ re looking to treat your significant other , friends , or families with gifts of silver and gold this year or are among the lucky to receive such thoughtful sentiments , consider also protecting the value of the gift with a Personal Articles Policy . Ask your agent to see how affordable your options could be or give us a call for a quote at Bill Kern Insurance . We are happy to help and are always here to answer the questions of our community .
This Industry Insight was written by Bill Kern .
Bill Kern started his financial services career following retirement from the U . S . Navy in 2009 . Since that time , he has dedicated himself to helping people gain perspective and clarity on their overall financial situation . Today , as a State Farm agent , Bill and his team are dedicated to helping their customers with insurance solutions that deliver peace of mind to take on life unscripted .
PETERS TOWNSHIP | FEBRUARY / MARCH 2023 47